Is Moving House Stressful?


Did you know, Moving is listed as one of the top stressors that a person can experience in a lifetime?

In fact — right along with divorce, loss of a job, or loss of a loved one.

Any of us that have moved before (or even announced that we are moving) have probably heard this or even felt it!

According to the 2007 ACS data, once the average person reaches the age of 18, they are likely to move at least another 9.1 times in their remaining lifetime compared to just 2.7 more moves once a person reaches 45 years old. “Americans move an average of 11.7 times in their lifetime

Now, interestingly, while Americans seem to be ‘on the move’ this also applies to Australiens. Most often because of changes in work but also health.

Europeans move less often and one factor may be, they often live multi generational, as do many families in Asia.

Statistics tell us Australians spend an average of 208 days over their lifetime searching, settling or moving into a rental or bought property.

So why is moving house so stressful?

We have a very detailed article by Cara Counselling – worth while the read if moving is particularly stressful for you.

 




 

Here 3 scenarios why people in Australia move and the stress it can cause:

1.- Buying a Property to Renovate

This is an often used strategy, specially when there is a trades person in the household. It can make for an easy ‘income’. Buying reasonably low cost and selling it for quite a profit. This is not so much possible at the moment as house prices in Australia have certainly risen over the years. One of the biggest stresses in moving house in this scenario is that renovations may last for quite some time and the entire family has to ‘put up’ with it. When it comes to moving house time, the accumulated stress contributes to the move.

 

2.- Buying an Investment Property 

The purchase of a rental property in itself can be quite stressful. Further adding can tenants that will not move out on time or tenants moving in and causing damage in the move. While you may think this is not directly related to the buyer, the entire situation can cause a lot of stress for both, the buyer/property owner and tenants

 

3.- Turning a Property into an Investment Property

When you’re in the fortunate position to add another property to the one you currently live in and you’d like to live in the newly purchased one, moving house can become stressful. You want to make sure everything is set up well for tenants in your first property but you also worry about consequences of having tenants. Uncertainty around regular rental income, your obligations as investment property owner and a multitude of other things can have an impact on you moving house.

Find seven important points around eliminating, or at least cushioning the stress of moving house here.

For my part, from a European background, I’ve moved in my country of birth twice and here in Australia twice. My current residency has housed me for almost 40 years now and that suits me just fine – no moving house stress for me!

 




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